Videos related to Profit from the Islamic Perspective


ECON 1710 (SECT2) PROFIT : THE ISLAMIC PERSPECTIVES


ECON 1710 : PROFIT MAXIMIZATION IN ISLAMIC PERSPECTIVE



Profit Maximization in Islamic Perspective and Comparison with Secular Perspective



Comments

Post a Comment

Popular posts from this blog

Article Review: Riba and Islamic banking

by Ahmad, A. U. F., & Hassan, M. K. The responsibility of a Muslim towards another Muslim are many, including to learn about Islamic transaction when they are dealing with business trade, finance and buying and selling transaction. This kind of knowledge will avoid them from being trapped/involved with riba transaction and other prohibited elements in Islam             Riba is derived from an Arabic word ‘raba’ that literally means ‘to grow’ or ‘expand’ or ‘increase’. Technically, riba could be defined as ‘premium’ that must be paid by the borrower to the lender along with the principal as a condition for a loan or for an extension in its maturity. Riba has been classified into two categories according to the transaction which give rise to riba: Riba al-nasiah (delayed payment interest) which involves lending and borrowing, Riba al-fadhl (increase interest) which involves buying and selling.             The main hadith with reference to the comprehensive meaning of
Read more

How the jurists solve partnership problem in the agricultural activities??

Crafting agricultural product and loss sharing (aPLS) in the place of profit and loss for Islamic agricultural finance.             First and foremost, this article which was written by Muhammad Hakimi Bin Mohd Shafiai discussed about the principles used in financing the agricultural industries according to the Islamic jurisprudence. Consequently, in order to solve the riba -based financial issues, partnership contract is commonly introduced and used by the jurists as it proposed an equitable risks and profits sharing. In addition, partnership contract is based on some principle such as mudharabah , musharakah and etc.             The author focussed on al-mudaraba, al-musharaka, al-muzara’a and al-musaqa concept with a brief explanation on the definition and practices in economy activities based on Islam. Furthermore, we will be exposed on a several example of partnership contract implemented on agricultural activities and some of inappropriate practices by financial instituti
Read more

Article Review: A Study on Conventional Banking, Islamic Banking and its Treatment of Profit and Loss

By  Asst. Prof. Sameena Begum         Justice is the unique law of Islamic banking, a basic requirement for all sort of Islamic financing. Profits or loss are being shared with the investor and receiver rather than putting the entire burden to the entrepreneur. When the investor shares the profit, he will also has to bear the loss in accordance with proportional share. The principle of fairness and justice is important between two parties in order to have a fair distribution of output. Because of profit sharing, Islamic banks gives a higher rate of returns as oppose to conventional banking that gives a fixed return to the depositors without looking at the performance of banks.               Islamic banks are offers the contract of Mudarabah. In Mudarabah partnership, Rabbul Mal [1] and Mudarib [2] are to agree on the proportion of profit sharing between them with mutual consent. The profit ratio has to be decided at the time of contract. They can agree on equal sharing or diff
Read more